Pitti Engineering Ltd
Pitti Engineering Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Target sales volumes are set to grow from 70,000 tons in FY '26 to 80,000-83,000 tons in FY '27, and reaching 90,000-94,000 tons by FY '28. FY '27 and FY '28 sales volume guidance: 90,000 to 94,000 tons, up from an estimated 70,000 tons in FY '26 and targeting 80,000 to 83,000 tons in FY '27.
From Pitti Engineering Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Target sales volumes are set to grow from 70,000 tons in FY '26 to 80,000-83,000 tons in FY '27, and reaching 90,000-94,000 tons by FY '28.
- The company aims for full utilization (~80%) of casting capacity by FY '28, targeting 18,000 tons of castings and machine components.
- Machine components and high value-added assemblies are expected to grow significantly, with machine components visibility at ~15,000 tons over the next three years.
- Expansion focus includes increasing presence in appliance, pump, automotive sectors, especially in North India, which currently has negligible penetration.
- Geographic growth will emphasize Europe and North India; Europe expected to become a significant market in two years.
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Profitability & Margins
See what Pitti Engineering Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing capex of INR 150 crores announced; about INR 80 crores expected in FY '26 with remaining INR 70 crores to be spent later.
- Capacity increase at Bangalore facility underway; aiming to add 8,000 to 9,000 tons by year-end and the rest in H1 FY '27.
- Plan to reach 80% utilization of new capacities by end of FY '27.
- Future investment in forging business considered; estimated INR 150 crores for greenfield project, equipment alone INR 60-70 crores. Total forging plus machining capex could be INR 250-300 crores with high 20%+ margins potential.
- Additional machining capacity investment will be tactical to match increased foundry capacity.
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Lamination sales visibility for the next three years is around 93,000 to 94,000 tons, up from the current year's target of about 70,000 tons.
- Machine components currently do about 10,000 to 11,000 tons annually, with good visibility for growth to around 15,000 tons (raw castings and machine components combined) over three years.
- Long-term contracts vary by segment:
- Locomotive traction motor business has 3–5 year agreements with fixed volume blends.
- Indian Railways business operates on a tender basis.
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Pitti Engineering Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹501 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Pitti Engineering Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Pitti Engineering Ltd Q2 FY26 results?
Target sales volumes are set to grow from 70,000 tons in FY '26 to 80,000-83,000 tons in FY '27, and reaching 90,000-94,000 tons by FY '28. FY '27 and FY '28 sales volume guidance: 90,000 to 94,000 tons, up from an estimated 70,000 tons in FY '26 and targeting 80,000 to 83,000 tons in FY '27.
What is Pitti Engineering Ltd share price analysis?
Pitti Engineering Ltd currently shows a neutral. The stock trades at a P/E of 30.8 with a market cap of ₹3,837 Cr. Investors should review the full earnings analysis for detailed insights.
Is Pitti Engineering Ltd planning capital expenditure?
Ongoing capex of INR 150 crores announced; about INR 80 crores expected in FY '26 with remaining INR 70 crores to be spent later.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.